Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h −0.017%

Price spread now: Nado against Bitget−0.054%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$450.448% of the position

Long on Bitget Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.063%−$6 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.054%, 7d avg −0.028%

Together, before fees−0.031%+ Points / potential airdropNado: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.027% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.028%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AAPLUSDT	339.70	0	get 0.0000% / 8h	1h 44m	$6.2M	$3.5M	100x
Short	Nado AAPL-PERP	339.52	−0.0043	pay 0.0005% / 1h	44m 51s	$555K	$38K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee NadobpOrdersPrice spread, now −0.054%Rate

Funding earned: −$9.07
Price spread: −0.054% → −0.028%: −$2.66
Slippage, 4 orders: −$25.83
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$56.56
Costs to cover: 0.448%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Nado: live order book, 63 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 3 min ago	0.59 bp	8.2 bp −$8	12.2 bp −$122	45.2 bp −$4,525	doesn't fit
Sell Nado live order book, 63 min ago	0.59 bp	14.3 bp −$14	49.5 bp −$495	doesn't fit	doesn't fit

AAPL on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX AAPLUSDC	−0.0783%	4h	339.73	+0.008%	$81K	$328K	20x	as long as short
Nado AAPL-PERPshort	−0.0043%	1h	339.52	−0.054%	$555K	$38K	20x
BloFin AAPL-USDT	−0.0018%	8h	339.67	−0.009%	$341K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.60	−0.030%	$121K	$293K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.58	−0.036%	$288K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.65	−0.013%	$22.1M	$67.7M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.67	−0.009%	$5.9M	$107.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.74	+0.012%	$6.3M	$7.0M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.44	−0.077%	$3.0M	$5.0M	100x	as long as short
Bitget AAPLUSDTlong	0.0000%	8h	339.70	long leg	$6.2M	$3.5M	100x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.73	+0.007%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.73	+0.009%	$16K	$402K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.65	−0.015%	$761	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.54	−0.047%	$28K	$68K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.71	+0.003%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.76	+0.018%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.65	−0.015%	$3.2M	$4.3M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.55	−0.044%	$660K	$656K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.60	−0.029%	$908K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.60	−0.029%	$951K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.61	−0.026%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.47	−0.068%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.56	−0.041%	$280K	$417K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.58	−0.035%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.44	−0.077%	$1.3M	$2.4M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0072%	1h	339.59	−0.032%	$40.6M	$76.6M	20x	as long as short
Hotstuff AAPL-PERP	+0.0088%	1h	339.60	−0.029%	$36K	—	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.42	−0.082%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.61	−0.026%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.59	−0.032%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.58	−0.034%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.85	+0.044%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.51	−0.056%	$191K	$44K	30x	as long as short